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• W1587844886 abstract "This paper examines how international production/distribution networks provide individual firms with exporting/importing responsiveness to exchange rate movements. With the micro-data of Japanese manufacturing firms from 1994 to 2004, we find that firms' exports tend to respond to exchange rate movements, in particular (1) when firms are large in size, (2) when majority-owned affiliates are dominant among their foreign affiliates, and (3) when their intra-firm trade ratio is moderately high. Furthermore, these tendencies are more salient for machinery firms, one of the major players in international production networks in East Asia. The results suggest that Japanese manufacturing firms, particularly machinery firms, with greater foreign operations under their own corporate control would better absorb shocks of exchange rate movements by adjusting intra-firm transactions more significantly. We do not find such tendencies for imports, however. The study provides implications for international production networks, which have developed drastically in East Asia." @default.
• W1587844886 created "2016-06-24" @default.
• W1587844886 creator A5032575906 @default.
• W1587844886 creator A5050794584 @default.
• W1587844886 date "2009-09-01" @default.
• W1587844886 modified "2023-09-27" @default.
• W1587844886 title "International Production Networks and Export/Import Responsiveness to Exchange Rates: The Case of Japanese Manufacturing Firms +" @default.
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• W1587844886 hasPublicationYear "2009" @default.
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